Narwhal Capital Management

Narwhal Capital Management as of June 30, 2012

Portfolio Holdings for Narwhal Capital Management

Narwhal Capital Management holds 130 positions in its portfolio as reported in the June 2012 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Vulcan Materials Company (VMC) 9.0 $18M 448k 39.71
Apple (AAPL) 3.4 $6.7M 11k 584.02
SPDR Gold Trust (GLD) 3.1 $6.0M 39k 155.19
Exxon Mobil Corporation (XOM) 2.3 $4.5M 53k 85.57
JPMorgan Chase & Co. (JPM) 2.1 $4.2M 117k 35.73
Philip Morris International (PM) 2.1 $4.1M 47k 87.25
Johnson & Johnson (JNJ) 2.1 $4.1M 60k 67.57
Microsoft Corporation (MSFT) 2.0 $4.0M 132k 30.59
Chevron Corporation (CVX) 1.8 $3.6M 34k 105.51
General Electric Company 1.6 $3.3M 156k 20.84
Pfizer (PFE) 1.6 $3.2M 140k 23.00
UnitedHealth (UNH) 1.6 $3.2M 54k 58.51
Home Depot (HD) 1.6 $3.1M 59k 52.98
Procter & Gamble Company (PG) 1.5 $3.0M 49k 61.24
International Business Machines (IBM) 1.5 $3.0M 15k 195.55
Exelon Corporation (EXC) 1.5 $2.9M 78k 37.62
SPDR Dow Jones Industrial Average ETF (DIA) 1.5 $2.9M 22k 128.44
Coca-Cola Company (KO) 1.3 $2.6M 33k 78.20
Intel Corporation (INTC) 1.3 $2.5M 94k 26.65
At&t (T) 1.2 $2.4M 67k 35.66
Nextera Energy (NEE) 1.2 $2.3M 34k 68.80
L-3 Communications Holdings 1.1 $2.3M 31k 74.01
iShares Silver Trust (SLV) 1.1 $2.3M 85k 26.65
eBay (EBAY) 1.1 $2.2M 52k 42.02
General Dynamics Corporation (GD) 1.0 $2.0M 31k 65.95
BP (BP) 1.0 $2.0M 48k 40.54
Northrop Grumman Corporation (NOC) 1.0 $2.0M 31k 63.80
Google 1.0 $1.9M 3.3k 580.01
Tupperware Brands Corporation (TUP) 0.9 $1.9M 34k 54.77
Waste Management (WM) 0.9 $1.8M 54k 33.40
Annaly Capital Management 0.9 $1.8M 108k 16.78
Magellan Midstream Partners 0.9 $1.7M 24k 70.66
Altria (MO) 0.9 $1.7M 49k 34.54
Covidien 0.8 $1.7M 31k 53.50
Cisco Systems (CSCO) 0.8 $1.7M 97k 17.17
Molson Coors Brewing Company (TAP) 0.8 $1.6M 40k 41.61
Kinder Morgan Energy Partners 0.8 $1.6M 21k 78.59
Wal-Mart Stores (WMT) 0.8 $1.6M 23k 69.72
Lorillard 0.8 $1.6M 12k 131.98
Comcast Corporation (CMCSA) 0.8 $1.5M 48k 31.97
3M Company (MMM) 0.8 $1.5M 17k 89.59
EMC Corporation 0.8 $1.5M 59k 25.62
Novartis (NVS) 0.8 $1.5M 27k 55.89
Plains All American Pipeline (PAA) 0.8 $1.5M 18k 80.82
Bank of America Corporation (BAC) 0.7 $1.5M 179k 8.18
Caterpillar (CAT) 0.7 $1.5M 17k 84.91
Amazon (AMZN) 0.7 $1.5M 6.4k 228.39
TC Pipelines 0.7 $1.5M 34k 43.11
Raytheon Company 0.7 $1.4M 25k 56.60
Laboratory Corp. of America Holdings (LH) 0.7 $1.4M 15k 92.64
Buckeye Partners 0.7 $1.4M 27k 52.19
Te Connectivity Ltd for (TEL) 0.7 $1.4M 45k 31.92
Merck & Co (MRK) 0.7 $1.3M 32k 41.74
Teva Pharmaceutical Industries (TEVA) 0.7 $1.3M 34k 39.43
Kraft Foods 0.7 $1.3M 34k 38.63
Amgen (AMGN) 0.6 $1.2M 17k 72.92
Kimberly-Clark Corporation (KMB) 0.6 $1.2M 15k 83.78
iShares S&P 500 Index (IVV) 0.6 $1.2M 9.0k 136.71
HCP 0.6 $1.2M 28k 44.15
Goldman Sachs (GS) 0.6 $1.2M 13k 95.82
Archer Daniels Midland Company (ADM) 0.6 $1.2M 41k 29.52
Best Buy (BBY) 0.6 $1.2M 57k 20.96
WellPoint 0.6 $1.2M 19k 63.79
BHP Billiton (BHP) 0.6 $1.2M 18k 65.30
Lockheed Martin Corporation (LMT) 0.6 $1.1M 13k 87.05
Sunoco Logistics Partners 0.6 $1.1M 30k 36.27
Medtronic 0.5 $1.0M 27k 38.74
BT 0.5 $1.0M 32k 33.16
Enterprise Products Partners (EPD) 0.5 $1.0M 20k 51.23
Assured Guaranty (AGO) 0.5 $1.0M 73k 14.10
Citigroup (C) 0.5 $1.0M 37k 27.40
Rio Tinto (RIO) 0.5 $1.0M 21k 47.82
Eni S.p.A. (E) 0.5 $997k 24k 42.52
Verizon Communications (VZ) 0.5 $989k 22k 44.45
Coca-Cola FEMSA, S.A.B. de C.V. (KOF) 0.5 $962k 7.4k 130.88
General Motors Company (GM) 0.5 $966k 49k 19.71
AES Corporation (AES) 0.5 $951k 74k 12.83
Boeing Company (BA) 0.5 $925k 13k 74.30
Abbott Laboratories (ABT) 0.5 $903k 14k 64.50
General Mills (GIS) 0.5 $906k 24k 38.55
Hewlett-Packard Company 0.5 $912k 45k 20.11
iShares Dow Jones EPAC Sel Div Ind (IDV) 0.5 $901k 30k 30.08
ETFS Gold Trust 0.5 $886k 5.6k 158.21
Ford Motor Company (F) 0.4 $860k 90k 9.59
GlaxoSmithKline 0.4 $829k 18k 45.55
Corning Incorporated (GLW) 0.4 $808k 63k 12.93
Wells Fargo & Company (WFC) 0.4 $785k 24k 33.44
iShares Dow Jones US Financial (IYF) 0.4 $791k 14k 55.31
Alliance Resource Partners (ARLP) 0.4 $758k 14k 56.15
Blackstone 0.4 $736k 56k 13.07
CenturyLink 0.4 $702k 18k 39.49
Adobe Systems Incorporated (ADBE) 0.3 $686k 21k 32.36
American International (AIG) 0.3 $679k 21k 32.10
Vodafone 0.3 $643k 23k 28.20
Transcanada Corp 0.3 $660k 16k 41.90
iShares Russell 1000 Growth Index (IWF) 0.3 $645k 10k 63.24
Cemex SAB de CV (CX) 0.3 $611k 91k 6.73
Tyco International Ltd S hs 0.3 $556k 11k 52.83
Dell 0.3 $515k 41k 12.50
Zimmer Holdings (ZBH) 0.3 $515k 8.0k 64.38
Telecom Corp of New Zealand 0.2 $500k 53k 9.43
Activision Blizzard 0.2 $492k 41k 12.00
Ezchip Semiconductor Lt 0.2 $492k 12k 40.00
Chesapeake Energy Corporation 0.2 $465k 25k 18.60
iShares Gold Trust 0.2 $467k 30k 15.57
Eli Lilly & Co. (LLY) 0.2 $459k 11k 42.90
ConocoPhillips (COP) 0.2 $447k 8.0k 55.88
El Paso Pipeline Partners 0.2 $446k 13k 33.79
Diageo (DEO) 0.2 $412k 4.0k 103.00
Rbc Cad (RY) 0.2 $417k 8.2k 51.17
iShares Dow Jones US Aerospace & Def.ETF (ITA) 0.2 $416k 6.5k 64.00
Central Fd Cda Ltd cl a 0.2 $396k 20k 19.80
Telefonica (TEF) 0.2 $378k 29k 13.11
Progress Energy 0.2 $361k 6.0k 60.17
BB&T Corporation 0.2 $354k 12k 30.86
Omni (OMC) 0.2 $351k 7.2k 48.61
Sprint Nextel Corporation 0.2 $342k 105k 3.26
Pepsi (PEP) 0.2 $339k 4.8k 70.62
McDonald's Corporation (MCD) 0.2 $310k 3.5k 88.57
Colgate-Palmolive Company (CL) 0.2 $312k 3.0k 104.00
Vale (VALE) 0.1 $298k 15k 19.87
iShares MSCI Emerging Markets Indx (EEM) 0.1 $270k 6.9k 39.13
United Technologies Corporation 0.1 $286k 3.8k 75.44
iShares S&P SmallCap 600 Index (IJR) 0.1 $280k 3.8k 73.20
Veolia Environnement (VEOEY) 0.1 $261k 21k 12.61
iShares Russell Midcap Index Fund (IWR) 0.1 $213k 2.0k 105.19
iShares Dow Jones Select Dividend (DVY) 0.1 $225k 4.0k 56.25
Fidus Invt (FDUS) 0.1 $182k 12k 15.17
Manitowoc Company 0.1 $152k 13k 11.69
iShares MSCI Japan Index 0.1 $151k 16k 9.44